Hints and tips:
...The lessor, which counts China’s Bohai Leasing and Japanese financial services group Orix as its owners, had to write off $304mn last year as 10 of its planes were stuck in Russia....
...For Lloyd’s of London, just under half of the £1.6bn the market has set aside because of the conflict relates to aviation claims....
...The process involves a “huge amount of documents”, said Dmitry Azarov, co-owner of the Russian division of British cosmetics company Lush....
...Pratt’s owner RTX on Tuesday said a “rare condition” in powdered metal meant 1,200 of more than 3,000 engines built for the A320neo between 2015 and 2021 would have to be recalled and inspected for micro...
...Gilbert is the owner of the Cleveland Cavaliers, another NBA franchise....
...The comments came as AerCap, which became the world’s largest lessor last year after its takeover of GE Aviation Capital, reported a 16 per cent rise in revenues to $5.2bn for the year to the end of December...
...John Plueger, chief executive of aircraft lessor Air Lease and one of Airbus’s biggest customers, told the Financial Times in a recent interview that he believed there was “significant risk going to 75 a...
...As for Tufton, the analysts have tentatively added another $20mn NAV uplift on their more mixed fleet, implying a NAV of $1.44 a share, which in turn equates to a 5.8 per cent discount....
...SMBC Capital Aviation, one of the world’s biggest aircraft lessors, announced a $1.6bn write-off to cover the loss of 34 of its planes stuck in Russia following the invasion of Ukraine....
...Container owners are coining it. As Lars Jensen, of Vespucci Maritime in Copenhagen points out: “Under normal circumstances. a container will go from the factory in Shanghai to Chicago in 35 days....
...On the civil side, the company announced a further delay to its wide-body 777X aircraft to 2025, projected to cost another $1.5bn....
...embarked on a new venture to orchestrate a new fund manager in a cash shell “not burdened by legacy issues, constraints or complexities”, according to our in-depth profile.AssetCo started in 2003 as a lessor...
...Lessors do not want a wave of new aircraft to depress the value of their own fleets....
...The uptick in demand for boxes has also benefited container lessors....
...“Every airline is coming to us,” said one leading lessor....
...There are green shoots, however, for the new twin-engined jets, according to John Plueger, chief executive of Air Lease, one of the world’s biggest aircraft lessors....
...with 5.2 per cent of the share capital before a separate NKr400m ($40m) rights issue....
...The owners of Wideroe, a Norwegian regional airline, said they could be interested in picking up some of Norwegian’s staff and aircraft....
...Virgin Atlantic also has a key vote on its £1.2bn rescue package coming up....
...Indian banks that have taken over Jet Airways, which is saddled with $1.2bn in debt, have launched a search for a new owner willing immediately to inject $144m to keep the carrier afloat....
...With more than $1.2bn in accumulated debt, Jet is struggling to remain in business after defaulting on loan payments to the lessors of its aircraft and other creditors, and falling months behind in paying...
...Jet, saddled with $1.2bn in debt, ran out of cash after its lenders refused to give an emergency loan in the absence of an investor willing to bail out the airline....
...InterGlobe shares climbed 2.5 per cent to a record close ahead of the results....
...The airline is saddled with more than $1.2bn debt and has not been able to pay pilots their salaries for over three months....
...It gathers cheap hotels under one banner, either as lessors or franchisees....
International Edition